Essay
Your client has operated a sole proprietorship for several years, and is now interested in raising capital for expansion. considering forming either a C corporation or an LLC.
a. Describe the treatment of an LLC and discuss any advantages the LLC offers over the C corporation.
b. Assume instead the client has previously operated as a C corporation. Describe the tax consequences of converting to an LLC.
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a. The limited liability company (LLC) g...View Answer
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